EURUSD due for the awaited correction

٢٥ نوفمبر ٢٠١٥

EURUSD pair has started showing sign of weakness on daily with each new low (MACD, RSI, CCI positive divergences), approaching the low of March, which was the lowest rate since over a decade. The long strategy here is to find entries for an anticipated correction, whether by hunting and accumulating longs on lower timeframes or wait for the confirmation next days if it breaks up the falling wedge, or both, depending on the risk profile of this trade, which seems now as a countertrend trade on higher timeframes.

Happy Trading, everyone!

٣ ديسمبر ٢٠١٥

ملاحظة

Wedge has broken up, trade active, first target around 1.08

٣ ديسمبر ٢٠١٥

ملاحظة

Second target hit, moved SL of the rest slightly under 1.09